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Tag: 7/11

  • 7-Eleven Operator Sets Ambitious Goal to More Than Double Share Price by 2030!

    7-Eleven Operator Sets Ambitious Goal to More Than Double Share Price by 2030!

    Seven & i Holdings is charting a bold course towards a 44% profit increase by fiscal 2030, which translates to an annual growth rate of 7%. The operator behind the ubiquitous 7-Eleven convenience stores announced its plans on Wednesday, seeking to strengthen its performance in the wake of a narrow escape from a takeover attempt by Canada’s Alimentation Couche-Tard last month.

    In a landscape where convenience is king, the company is focusing on several key initiatives to enhance profitability. This includes investing heavily in store upgrades, introducing new locations, and expanding delivery services. The strategy reflects a clear recognition that convenience retail is evolving, and Seven & i is determined not to lag behind.

    The sweeping plans come as leadership at Seven & i faces scrutiny; CEO Stephen Hayes Dacus addressed investors during a press conference, emphasizing the need for change in the company’s strategic approach. “We’re not just here to survive; we aim to thrive in an increasingly competitive market,” he stated, underscoring a commitment to rejuvenate the brand and bolster shareholder confidence.

    The Convenience Store Renaissance

    The company’s future-focused strategy comes at a time when convenience stores are experiencing a renaissance in Japan and across Asia. With a new emphasis on fresh food offerings and seamless delivery options, Seven & i aims to keep pace with changing consumer preferences. In a wry nod to the industry’s evolution, one could say that traditional convenience has gone “next level,” as companies innovate to keep shoppers engaged and returning for more.

    In an effort to cement its presence within local communities, Seven & i plans to prioritize neighborhood needs in its expansion plans, tailoring product offerings to meet the diverse tastes of its customer base. This commitment to local engagement suggests an understanding that the key to success lies not just in sales figures, but in genuine connections with consumers.

    Questions & Answers

    How does Seven & i plan to achieve its profit increase by 2030?
    The company aims for a 44% profit increase through strategic investments in store upgrades, new locations, and enhanced delivery services.

    What recent event prompted Seven & i to refine its strategic approach?
    The company narrowly avoided a takeover attempt by Canada’s Alimentation Couche-Tard, prompting it to take decisive measures to stabilize and grow its share price.

    What changes are being made to meet evolving consumer preferences?
    Seven & i is focusing on expanding fresh food offerings and enhancing delivery options to better cater to shifting consumer demands in the convenience retail sector.

  • 7-Eleven continues regional expansion with Dalyellup store opening

    7-Eleven continues regional expansion with Dalyellup store opening

    After opening four new stores in 2021, including its first regional store in Busselton, 7-Eleven will continue to invest in the state, with seven new stores on the horizon for 2022.

    Sine opening its first store in WA in 2014, the company has invested $47 million across the State, and according to Nick Maddox, 7-Eleven Area Lead – WA, will invest a further $6 million in new stores in 2022.

    “Approximately 45 additional West Australians have joined our team in 2021, and we hope to have about 100 new roles available as our network continues to grow in 2022.”

    Maddox said the company was incredibly excited to have opened their first regional store in Busselton and plan to grow its regional network by adding a new store in Treendale early next year.

    7-Eleven is continuing to look for the right locations to bring its offer to new communities in metropolitan and regional Western Australia.

    Maddox said they are interested in sites in both established suburbs and growth corridors positioned within reach of customers along busy commuter routes, immersed within residential precincts along connecting roads, local shopping, and community centres.

    “Our preferred sites provide convenient access for passing traffic and suitable room for vehicle movement and easy customer parking. We’re continuing to work with landlords and developers in Western Australia to secure locations to serve our local communities.”

    The pace of 7-Eleven’s growth means there’s potential for people who want a career in retail and to accelerate their progression, stated Maddox.

    “For people looking to make a career path in a new industry, our career development and network growth provide support and opportunity.

    “We’re looking for talented people with the right capabilities who might be interested in leadership. We invest in giving our people the skills they need to take advantage of the opportunities our growth provides.”

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  • CP All to roll out 700 more 7-Eleven stores in Thailand

    CP All to roll out 700 more 7-Eleven stores in Thailand

    CP All Plc, the operator of 7-Eleven convenience stores, plans to spend 11.5-12 billion baht this year to expand its business.

    Kriengchai Boonboapichart, the company’s chief financial officer, said 4-4.1 billion baht of total spending is for investment in new projects, subsidiaries and distribution centres, 3.8-4 billion is slated for store expansion, 2.4-2.5 billion is for store renovations, and the remaining 1.3-1.4 billion is for fixed assets and IT systems.

    The company plans to open 700 new convenience stores this year, on par with last year.

    Some 155 new 7-Eleven stores were opened in the first quarter this year.

    “We will continue to open new stores, but with a more cautious approach. There are many uncertainties, so we will select locations that can build revenue and have real demand from customers,” Mr Kriengchai said.

    “Moreover, each location has to possess the capability to support our O2O [online-to-offline] retailing strategies.”

    CP All operated 12,587 branches of 7-Eleven at the end of the first quarter this year.

    Of the total, 6,771 stores belong to business partners and 5,816 stores were owned by CP All.

    Moreover, 85% of the stores were standalone with 15% located in PTT petrol stations.

    CP All reported total revenue of 547 billion baht in 2020, down 4.3% from the previous year, with a net profit of 16.1 billion, a decrease of 27.9%.

    In the first quarter this year, the company’s total revenue dropped by 8.5% year-on-year to 133 billion baht, with a net profit of 2.59 billion, a fall of 54%.

    The decrease in revenue was largely attributed to outbreaks of the pandemic, resulting in a slow recovery of domestic consumption, decreased consumer purchasing power and a lack of tourism.

    Footfall per store per day in the first quarter this year declined to 845, down from 949 in 2020 and a peak of 1,187 before the Covid-19 outbreak.

    The decrease is mainly a consequence of the first wave of the outbreak, followed by a new wave in late 2020.

    The government announced measures to control the pandemic, resulting in a decrease in economic activities.

    The slow recovery of the tourism industry and domestic consumption has also hurt prospects.

    Furthermore, customer lifestyles are shifting to shopping online.

    The company continues to implement O2O retail strategies, such as 7-Eleven Delivery, All Online and 24Shopping to satisfy customer demand.

    CP All aims to provide prompt access to various consumer products, including at 7-Eleven stores, with delivery and pick-up service at branches seeing a good response, said Mr Kriengchai.

  • 7-Eleven to invest $1 billion to reach carbon neutrality

    7-Eleven to invest $1 billion to reach carbon neutrality

    Seven & I Holdings, 7-Eleven’s guardian company, is to invest US$1 billion to reach carbon neutrality by 2050.

    The company goals to scale back its greenhouse gasoline emissions to zero at its retail shops, the place greater than 90 percent of its energy consumption takes place. Seven & I stated it’ll additionally invest $960 million into the environmental sector over the subsequent 5 years.

    To reach the goal, the retail conglomerate will set up photovoltaic panels and LED lamps throughout its retailers whereas partnering with Toyota Motor to run fuel-cell vehicles for the distribution. Renewable energy vegetation, together with wind farms and hydroelectric vegetation, will even be invested

    In the US, 7-Eleven will characteristic charging stations at 250 retail shops, encouraging electric-car use.

    Seven & I generates 2.2 million tons of greenhouse gasoline per yr, accounting for the best quantity amongst Japan’s retail retailer operators. Similar to 7-Eleven, Japanese retailer Aeon has additionally joined the carbon neutrality mission, concentrating on zero emissions by 2050.

  • Japan’s 7-Eleven says to open first Dubai store in September

    Japan’s 7-Eleven says to open first Dubai store in September

    The first 7-Eleven convenience store will open in Dubai in September as part of a franchise deal with Seven Emirates Investment, it has been announced.

    Khamis Al Sabousi, president of Seven Emirates Investment, said the opening is part of plans by the Japanese convenience store brand to launch more than 820 stores in the region over the next 10 years.

    In a joint statement with Dubai’s Department of Economic Development (DED), Al Sabousi said bringing a leading retailer like 7-Eleven to the region is part of his company’s efforts to develop existing supply chains, provide innovative nutritional solutions, and encourage young people to explore franchising as a business model.

    “Franchising promotes growth of private businesses and helps ambitious youngsters achieve their goals, while ensuring their participation in the development of the retail sector,” he said.

    Omar Bushahab, CEO of Business Registration and Licensing (BRL) sector at DED, added: “We are delighted to see Seven Emirates Investment taking off with the opening of the first 7-Eleven store set for September. It’s a critical step forward for Seven Emirates Investment, which also underlines the ease of doing business in Dubai and its successful economic policy on one hand and the confidence international companies have in the emirate on the other hand.”

    Bushahab also spoke of Dubai’s continuous efforts to help businesses overcome obstacles and continue growing, which he said plays a major role in attracting companies such as 7-Eleven.

    There are currently more than 56,000 7-Eleven stories in 16 countries worldwide.

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  • 7-Eleven Malaysia thrives on store growth

    7-Eleven Malaysia thrives on store growth

    7-Eleven Malaysia says its quarterly profit soared 70 per cent on the back of an aggressive store expansion program.

    The listed company operated 1774 stores at the end of the December quarter – 200 more than at the end of 2013. It posted a profit of RM17.9 million (US$4.94 million) for the quarter compared with RM10.5 million ($2.9 million) a year earlier. Revenue rose 14 per cent to RM481.1 million ($132.7 million).

    Full year net profit was up 44 per cent to RM63.7 million ($17.6 million) fuelled by growing sales and gross profit margin and store network expansion.

    Sales rose 12 per cent year on year to RM1.9 billion ($524.2 million).

    7-Eleven Malaysia said in a profit statement it is positive about the year ahead, despite a softening in consumer sentiment (in part driven by wariness of the introduction of GST on April 1).

    “The continuing roll-out of new stores to increase the existing network as well as the on-going store refurbishment programme will have a positive impact. In addition to this, increased promotional and merchandising activities along with the expansion of in-store services and a further expansion of the group’s food and beverage offerings at store level will help drive revenue and profit growth,” the company said.

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  • Massive 7-Eleven rollout planned

    Massive 7-Eleven rollout planned

    Listed Philippine Seven Corporation (PSC), the local licensee of 7-Eleven Convenience Stores, will boost its capital spend this year by 50 per cent to expand its network.

    The company says it ended 2014 with 1282 stores – 273 more than at the same time a year earlier. It opened 286 and closed 13 during the year.

    Now it says it will spend P3 billion (US$68 million) in 2015 to fund an “accelerated store expansion strategy”.

    Some 350 stores could be added by the end of the calendar year with PSC eager to take the brand further beyond metro Manila.

    Jose Victor Paterno, president and CEO, said the long-term growth prospects for convenience store retailing in the nation are favorable.

    He believes the organisation can sustain its momentum to meet earnings and store expansion goals.

    “PSC has taken steps to protect and expand its leadership in light of increased competition, recognising that rewards for market share are especially strong in the convenience store sector.”

    Philippine Seven Corporation operates the largest convenience store network in the country. It acquired the licence for 7-Eleven in the Philippines from Southland Corporation (now Seven Eleven Inc.) of Dallas, Texas in December 1982.

  • UPS partners with 7-Eleven in Singapore for delivery

    UPS partners with 7-Eleven in Singapore for delivery

    Driven by the growth of e-commerce and online, cross-border transactions, UPS and 7-Eleven have entered into an exclusive partnership in Singapore for an innovative delivery system.

    The agreement will see 20 7-Eleven outlets at Shell petrol stations across Singapore serve as Alternative Delivery Locations (ADL) for UPS packages.

    “The online shopping market in Singapore is projected to reach SGD4.4 billion (USD) by 2015, and our customers have raised concerns about not being available to sign off on their purchases when they arrive,” said Ingrid Sidiadinoto, Managing Director, UPS Singapore.

    The new solution offers customers the flexibility of collecting packages coming from selected online retailers, at the closest participating Shell ADL, if they are not available when UPS makes the first delivery attempt.

    She said the new arrangement is expected to help raise the bar on customer service by giving customers greater control over their e-commerce shipments. With 7-Eleven operating 24 hours a day, 7 days a week, the 20 strategically-located outlets participating in the initiative would allow customers to retrieve their packages from a secure and staffed location at their convenience.

    In addition to the 7-Eleven partnership, Shell will also be fueling UPS’s 100-strong Singapore delivery fleet with Shell Diesel and Shell FuelSave, which help UPS to reduce harmful emissions and its carbon footprint in Singapore.

    “We look forward to welcoming UPS customers to our 20 ADL stations at any time of the day, and assisting them in retrieving their online purchases,” said Leong Chee Hoe, Regional Key Account Manager East for Commercial Fleet, Shell Singapore.